493. Part 2494. b. What will be the total value of the account after 5 years?
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496. Question497. Now let's compare interest compounded continuously to simple interest. Suppose that$80,000 is invested in two accounts: one earns 4% simple interest, the other earns 4%compounded continuously. Fill in the following tables with the future value of eachaccount after each term. Use the formula A = Pe^rt for interest compoundedcontinuously. Round your answers to the nearest cent.498. Question499. An investor has $20,000 to invest and is willing to keep it invested for up to five years. Youinvest $20,000 in a savings account that offers 1.63% compounded monthly. You canremove the money any time you like, but plan to keep it in the investment for 5 years. Donot round intermediate calculations.500. Part 1501. What is the future value of the investment? Round your answer to the nearest cent.502. The future value of this investment is $ .503. Answer504. Part 2505. What is the effective rate? Round your answer to two decimal places.
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